Anand Rathi: Carborundum Universal - Ceramics, Electro Minerals Division Saw Better Traction In Q2
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Anand Rathi Report
Carborundum Universal Ltd.’s Q2 performance was better even with consolidated revenue coming flat at Rs 6.9 billion.
This reflects the pick-up in industrial activity, domestically and internationally.
The Ebitda margin was a robust 19.4%, led by prudent cost control, a favourable product mix and better subsidiary performances.
With greater utilisation, focus on operational efficiency, product launches and quitting the lossmaking Foskor, management is confident of steady margins ahead.
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